Developers of “The Cascades Neopolis” Win Telangana’s Second Highest Land Bid Ever for ₹151.25 Crore per Acre

GHR Infra, Lakshmi Infra, and Urbanblocks Realty developers further strengthened their realty leadership in Hyderabad by jointly securing Neopolis Plot 15, a premium 4.03 acre northeast corner land parcel with two 150 ft road frontages, at the highest bid of ₹151.25 crore per acre. This bid was part of Phase 3 auction conducted recently by the Hyderabad Metropolitan Development Authority (HMDA). While this is Telangana’s second highest bid till date and the highest ever in Neopolis so far, the only other higher bid the state recorded was in October this year, which was in Raidurg, Hyderabad Knowledge City, at ₹177 crore per acre.